What Can a Surety Do for Your Business

We are regularly asked why should a business get a surety bond? That is, what can a surety bond do for the business that will really benefit the business? We then walk through the benefits of a surety bond, which includes such things as being able to get more and better margin jobs. Given that a surety bond is not always easy to get and not all firms qualify, the jobs that require a bond have fewer bidders. Also, given that there are fewer bidders, the jobs typically have higher margins. Finally, the firms that are bonded show strength and can bid on jobs where they don’t have to be low bidder and get the job as they are seen as a better quality firm.